November 2014 Monthly Market Detail St Lucie County Townhouses and Condos
The November 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed slower momentum. Closed sales were down by 22.5% (was up by 9.9% in October) while new sales under contract (new pending sales) decreased by 0.9% (was down by 5.2% in October).
The median sales price was down by a 3.7% (up 44.3% in October) and the average sales price increased by 8.1% (was up by 13.3% in October). Quite a turnaround from last months values.
The inventory of available townhouses and condos increased by 11 units from last month to 675 units which is still down by 24.5% from last November. Current supply of inventory increased to 6.5 months from the 6.3 month supply in October and is 25.3% lower than last year. The St. Lucie County townhouse and condo market is slowly drifting out of a balanced market. It is good to see a continued increase in inventory for November after many months of decreases.
Click here to view or download the full report:
November 2014 Monthly Market Detail St Lucie County Townhouses and Condos
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
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